Q 43. What are the penal consequences if a taxable person violates the condition and is not eligible for payment of tax under the Composition scheme?


Ans. Taxable person who was not eligible for the composition scheme would be liable to pay tax, interest and in addition he shall also be liable to a penalty equivalent to the amount of tax payable. (Section 8 (3) of the MGL). [ As per FAQ on GST published by NACEN ] 90…

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